Sunday, December 10, 2006

Indonesia's bitter-sweet sugar business & politics

Indonesia is one of the largest sugar consumers in the world with 2.6 million tones per year. As domestic production increased only slightly from 2.24 million tones in 2005 to 2.3 million tones this year, more than 10% of demand should be filled with import. Sugar is a sweet business with around USD1.7 billion revenue per year. But old political games survived & nastier, with new players. Who are they?

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